Compare Today’s Mortgage Rates for Gadsden, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Gadsden, Alabama 35905. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $1,573 or $4 / month in Gadsden and surrounding areas of Etowah county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Gadsden, Alabama 35905.
Summary of Average Mortgage Terms in Gadsden, Alabama 35905
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Expected Savings
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Interactive Mortgage Rate Projections for Gadsden, AL
To forecast and predict mortgage rates in Gadsden, AL 35905, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Gadsden, Alabama 35905 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Gadsden, Alabama and around Etowah county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 85.43% | 79.88% | 81.18% | 87.12% | 85.10% | 88.33% | 84.52% | 85.62% |
| avg mortgage rate | 4.79% | 4.55% | 3.83% | 3.88% | 4.38% | 4.05% | 3.93% | 4.12% |
| % 15 year fixed mortgage | 12.15% | 17.16% | 16.13% | 11.86% | 12.12% | 10.76% | 13.31% | 11.64% |
| avg mortgage rate | 4.20% | 3.68% | 3.17% | 3.14% | 3.42% | 3.23% | 3.00% | 3.21% |
| Avg credit score | 763.45 | 760.86 | 760.60 | 758.87 | 758.55 | 757.00 | 756.20 | 757.18 |
| Avg LTV (loan to value) | 76.83% | 78.95% | 82.17% | 82.45% | 83.17% | 84.08% | 84.13% | 83.59% |
| Avg DTI (debt to income) | 30.24 | 30.25 | 27.92 | 27.95 | 29.60 | 29.11 | 29.56 | 31.08 |
| % First time homebuyer | 26.72% | 31.36% | 28.49% | 31.86% | 23.74% | 27.46% | 26.01% | 23.97% |
| Avg mortgage insurance % | 4.95% | 6.63% | 10.92% | 11.53% | 12.39% | 13.58% | 13.96% | 14.27% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Gadsden, Alabama 35905
If you’re looking to buy a new home in Gadsden, we have compiled a list of the leading mortgage brokers around Gadsden, Alabama 35905 to help you with your search.
Name
Address
Contact
Republic Finance
946 Gilberts Ferry Rd
Gadsden AL 35905
(256) 538-1390
http://www.republicfinance.com/
Primemax Mortgage
2800 W Meighan Blvd
Gadsden AL 35905
(256) 543-9211
pmortc@aol.com
Alabama Title Loans
2301 W Meighan Blvd
Gadsden AL 35905
(256) 344-4899
http://www.alabamatitleloansinc.com/
Wells Fargo Financial
455 George Wallace Dr
Gadsden AL 35905
(256) 546-5253
Cash Choice
440 George Wallace Dr
Gadsden AL 35905
(256) 547-4136
http://www.cashchoice.com
Address
946 Gilberts Ferry Rd
Gadsden AL
Contact
(256) 538-1390
http://www.republicfinance.com/
Address
2800 W Meighan Blvd
Gadsden AL
Contact
(256) 543-9211
pmortc@aol.com
Address
2301 W Meighan Blvd
Gadsden AL
Contact
(256) 344-4899
http://www.alabamatitleloansinc.com/